HB 692 (BR 1903) - J. Jenkins
AN ACT relating to instant races.
Amend KRS 230.361 to permit the Racing Commission to issue a license to an eligible association or simulcast facility to conduct instant racing; require the commission to promulgate administrative regulations establishing criteria for licensing, a process by which moneys wagered are accounted for, the content of such an accounting, and other matters deemed necessary; create a new section of KRS Chapter 230 allotting 15 percent of the receiving track's commission to the purse program of the receiving track; amend KRS 230.210 to define simulcasting and instant racing; amend KRS 138.510 to impose a one percent excise tax on all moneys wagered in instant racing. specify that the proceeds from instant racing are not subject to any other taxes or commission rates other than those expressly set out in this Act.
Mar 1-introduced in House
Mar 2-to Licensing and Occupations (H)